As the world continues to recover from the pandemic, companies are turning to innovative ways to attract shareholders to their annual general meetings. One such strategy is offering incentives such as money, food, and massage machines, as seen with Saigon Commercial Bank for Industry and Trade’s Ms. Huyen Cham receiving 600,000 VND for a half-hour meeting.
However, some companies are taking a different approach by offering various gifts based on the number of shares owned. For example, Military Bank, SHB, and Construction Development Investment Joint Stock Corporation have all given out rice, fish sauce, household appliances, and health care products to their shareholders.
Despite these efforts by some businesses to engage shareholders through gifts or online meetings, others are opting for more cost-effective strategies like Vinamilk, Mobile World, and Hoa Binh Group’s decision to hold virtual AGMs. These companies have seen reduced revenue and profits due to the impact of the pandemic and are hoping that holding virtual AGMs will help them save costs while still keeping investors informed.
According to an economic expert in Ho Chi Minh City, giving gifts to shareholders can help generate excitement and improve the perception of the business among investors. This trend has been seen as a way to engage shareholders in the annual general meeting and potentially encourage them to stay invested longer in the company.
Overall, while businesses may be facing difficult market conditions in the first few months of the year due to the pandemic’s impact
